Western Acquisition Ventures (Western Acquisition Ventures) EBIT : $-1.10 Mil (TTM As of Dec. 2023)

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What is Western Acquisition Ventures EBIT?

Western Acquisition Ventures's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-0.29 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.10 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Western Acquisition Ventures's annualized ROC % for the quarter that ended in Dec. 2023 was -28.28%. Western Acquisition Ventures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Western Acquisition Ventures's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.85%.

Western Acquisition Ventures EBIT Historical Data

The historical data trend for Western Acquisition Ventures's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Western Acquisition Ventures EBIT Chart

Western Acquisition Ventures Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

-2.02

-1.10

Western Acquisition Ventures Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial						-0.41	-0.37	-0.20	-0.25	-0.29

Competitive Comparison of Western Acquisition Ventures's EBIT

For the Shell Companies subindustry, Western Acquisition Ventures's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Western Acquisition Ventures's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Western Acquisition Ventures's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Western Acquisition Ventures's EV-to-EBIT falls into.

Western Acquisition Ventures EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.10 Mil.

Western Acquisition Ventures (NAS:WAVS) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Western Acquisition Ventures's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-1.148 * ( 1 - -2.97% )	/	( (4.098	+	4.263)	/ 2 )
=	-1.1820956	/	4.1805
=	-28.28 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3.66	-	2.433	-	( 0.303	-	max(0, 3.277	-	0.406	+	0.303	))
=	4.098

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3.412	-	2.337	-	( 0	-	max(0, 3.306	-	0.118	+	0	))
=	4.263

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Western Acquisition Ventures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.148	/	( ( (0 + max(-2.972, 0))	+	(0 + max(-2.984, 0)) )	/	2 )
=	-1.148	/	( ( 0	+	0 )	/	2 )
=	-1.148	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.103)	-	(2.433	+	0	+	0.642)
=	-2.972

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.118)	-	(2.337	+	0	+	0.765)
=	-2.984

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Western Acquisition Ventures's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.099	/	38.559
	=	-2.85 %

Western Acquisition Ventures EBIT Related Terms

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Western Acquisition Ventures (Western Acquisition Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Western Acquisition Ventures Corp (NAS:WAVS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

42 Broadway, 12th Floor, New York, NY, USA, 10004

Website

https://www.westernacquisitionventures.com

Western Acquisition Ventures Corp is a blank check company.

Executives

Robin L Smith	director	C/O PHASE III MEDICAL, INC., 330 SOUTH SERVICE ROAD, SUITE 120, MELVILLE NY 11747
Adam K Stern	director	STERN AEGIS VENTURES, 810 7TH AVENUE 22ND FLOOR, NEW YORK NY 10019
Stephen Christoffersen	director, officer: Chief Executive Officer	6261 KATELLA AVENUE, SUITE 250, CYPRESS CA 90630
A.g.p. / Alliance Global Partners Corp.	other: Underwriter	88 POST ROAD WEST, 2ND FLOOR, WESTPORT CT 06880
William F Lischak	director, 10 percent owner, other: Chief Financial Officer	8800 SUNSET BLVD, 3RD FL, LOS ANGELES CA 90069
Western Acquisition Ventures Sponsor Llc	10 percent owner	42 BROADWAY, 12TH FLOOR, NEW YORK NY 10004
Ali Jahangiri	director	42 BROADWAY, 12TH FLOOR, NEW YORK NY 10004
Ade Okunubi	director	42 BROADWAY, 12TH FLOOR, NEW YORK NY 10004

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